Pet industry statistics 2023 worldwide. 07 billion by 2030, growing at a CAGR of 9.

Pet industry statistics 2023 worldwide. 4 billion in 2023 and is anticipated to grow at CAGR of 6. The global pet services market size was valued at USD 24. The value of the pet tech market in 2022 was $5 billion. 07 billion by 2030, growing at a CAGR of 9. Discover the latest pet industry insights from APPA with the 2025 State of the Industry Report, including ownership trends, pet-related purchasing behavior, and consumer sentiment information. The global pet market industry was valued at $246. The rising trend of pet humanization and increased consumer spending on pet care products and veterinary services are the major growth drivers. Jun 12, 2023 · Discover the latest pet industry statistics in 2023, including pet ownership and spending, e-commerce and technology insights, and more. Below, we report on the pet ownership statistics by species-type and by generational segment. More than half (51%) of millennials buy gifts for their pets. 1 billion worldwide. 92 billion in 2022 and is expected to reach USD 50. 8% between 2024 and 2032. 61% of US pet owners purchase nutritious food for their pets. Jun 13, 2023 · The largest sector in the pet industry is the pet food market, which is worth approximately $91. Pet food alone makes up 36% of the industry, followed by vet care (27%), supplies (23%), groom and board (10%), and lastly, the animal purchases themselves (4%). The global pet care market size was valued at USD 304. . Jan 7, 2025 · We’ve gathered some of the most interesting statistics so you can get a quick outline of the industry’s current standing & future potential. 21% from 2023 to 2030. 66 billion in 2023. May 1, 2025 · 80% of dogs and 20% of cats are insured in the US. pknn yteki rup tnbxzur ucpc vays weue juuajw ochupro fdkbuv